Car shoppers are descending on showrooms. Automakers are speeding up shipments of new vehicles. Dealers are huddling with their rivals to exchange ideas on how best to cope.
President Donald Trump’s plan to slap a 25% tariff on imported automobiles puts consumers looking to buy a new vehicle in a tough spot. The tariffs, set to kick on in April 2, are likely to raise prices for many new cars—whether they’re assembled in the U.
Karl Brauer, iSeeCars, looks at potential tariff impacts on car prices and how consumers can get the best deal possible when shopping for a car now or in the near future.
Analysts say brands such as Lexus, Toyota, Honda and Subaru are likely to be among the first to face higher costs.
President Donald Trump is imposing 25% tariffs on auto imports, which is expected to drive up prices for American consumers and squeeze automakers that depend on global supply chains.
Noted economist Arthur Laffer warns that President Trump’s proposed 25% tariff on foreign-made vehicle imports could lead to a dramatic increase in prices and threaten the U.S. auto industry.
New Jersey was once home to the largest automobile assembly plant in the U.S. Here's what to know about Trump's auto tariffs, and its impact on you.
1don MSN
An impending 25% tariff on imported cars and parts has car dealers in Massachusetts concerned as prices have already started surging.